Artificial Intelligence or Authentic Intelligence?
We are on the cusp of an artificial intelligence regtech spending boom, but AI has to be combined with human expertise if we are to stay a step ahead of the money launderers, argues Guy Harrison.
Can you help US federal regulators understand AI?
With the use of Artificial Intelligence in anti-financial crime and other areas predicted to boom, United States federal regulators are scratching their heads and wondering what it means for compliance. They have asked for your help through a public Request for Information. Here is what they are wanting to know.
Four in five UK banks say Covid-19 hampered their financial crime effectiveness, survey finds
The switch to remote working during the coronavirus pandemic has impacted on UK banks’ financial crime prevention measures at a time cases of fraud and money laundering were rising, survey respondents have said.
Spotting suspicious activity in the arts and antiquities markets
Fine art is used by launderers and terrorists to move billions of dollars of illicit cash every year. As regulators look to clamp down, Paula Krulicki outlines some of the key warning signs for Anti Money Laundering compliance teams to be aware of
The Biden Presidency - Key financial crime challenges in a new political landscape
Following the federal elections of 2020, both the US executive branch and both chambers of Congress are under the effective control of the Democrats.
Striking the balance between FinCrime, Privacy Law, and Encryption - What needs to change?
Efforts to tackle financial crime and requirements to protect privacy can seem conflicted and, in some cases, drive opposite regulatory expectations for the private sector. Increasingly, entities regulated for anti-money laundering (AML) are drawing large amounts of information from third parties to understand customer FinCrime risks.
Brexit means…Will the UK and EU keep aligned on financial crime?
At the end of 2020, the transition period for the UK’s departure from the EU came to an end. Prior to Christmas, the UK and the EU had finalised a trade agreement that included clauses about both parties’ commitment to international financial crime standards.
A world in Crisis. How has COVID-19 transformed financial crime – and our response?
The COVID-19 pandemic has completely changed what we think of as ‘normal life’.
How powerful a weapon is AI in the fight against financial crime?
FinCrime World Forum speaker Janet Bastiman explains the benefits of using AI in Anti Money Laundering compliance processes
Measuring the effectiveness of your financial crime controls
Natasha Vernier talks about the need for compliance teams to accurately measure outcomes, ahead of her appearance at FinCrime World Forum
The challenges of tackling modern slavery
Ahead of his session at FinCrime World Forum Andrew Wallis OBE explains the drivers behind modern slavery in the UK and what governments and businesses should do to help tackle the problem
Swedish police fear Covid-19 gambling rules could spark money laundering rise
Money laundering could rise in Sweden’s gambling sector this year because of increased use of unlicenced gaming companies, the country’s financial police have warned in a report.
Thinking outside the box
Ahead of his appearance at FinCrime World Forum, Nick Maxwell explains why public- private information-sharing, aided by fresh thinking and new technology, is crucial to tackling financial crime
‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
FATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
EBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.
Blaming company formation agents misses the bigger picture about AML in the UK
The National Crime Agency is planning a crack down on company formation agents as part of an AML drive. However, John Binns argues the problems are due to more significant holes in the UK’s financial crime safety net
How your bank can protect a herd of elephants in Botswana’s Okavango Delta
Erik Stretz outlines what Europe’s banks must do to help fight the illicit trade of wildlife
£4.5bn of unreported cash identified in UK as criminals exploit ‘cottage industry’ of shadowy company formation
A ‘cottage industry’ of company formation agencies is helping criminals launder billions of pounds in the UK, with £4.5billion of unreported income identified between 2012 and 2017, a report has revealed.
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Using FTK Imager: The Free Forensic Imaging Tool
Forensic imaging is essentially a ‘scene of crime’ process for digital information preservation. Decisions made while imaging can affect the entire investigation and could make or break your case.
FinCrime Job Focus: Neil Downing, Vice President, Products, TMT Analysis
In our latest reader-submitted Q&A, Neil Downing talks about developing new products in a changing industry
FinCrime Job Focus: Andy Mason, Head of Customer Operations & Financial Crime, Mettle
In our Q&A this week, Andy Mason talks about sharing information, technology and the importance of being laser-focused on your priorities
FinCrime Job Focus: Jane Jee, chief executive, Kompli-Global
In our latest reader-submitted Q&A Jane Jee argues that technology can make a significant difference in the fight against financial crime
Seven things we learnt from the FinCrime World Forum
A round-up of the key talking points and takeaways from this week’s global live stream experience.
